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Two Madison Wis. CUs to merge

MADISON, Wis. (5/10/10)--Two Madison, Wis.-based credit unions have announced plans to merge. Madison News CU (MNCU) and Dane County CU announced they intend to merge Oct. 1, pending approval from MNCU’s members and regulators (The Wisconsin State Journal May 7). MNCU has 895 members and $7.7 million in assets. Dane County CU has 11,000 members and $105 million in assets. If approved, MNCU members will be members of Dane County CU. MNCU’s one location at Capital Newspapers in Madison would remain open and staff would be retained, the newspaper said.